USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly
* With Contractual Waiver for 10/1/15 to 9/30/16.

Fund Country Weightings as of 6/24/16

AUSTRALIA 36.77%
CANADA 32.49%
SWEDEN 10.92%
NORWAY 8.97%
NETHERLANDS 4.73%
GERMANY 3.08%
FRANCE 3.04%

Fund SEC Yields as of 5/31/16

SEC 30-Day Yield 1.32%
SEC 30-Day Yield (Unsubsidized) -1.08%

Fund Characteristics as of 5/31/16

Distribution Yield 1.50%
12-Month Yield 1.43%
Weighted Average Yield to Maturity 1.61%
Modified Duration 3.00

Price Information as of 6/24/16

NAV $102.39
NAV Change $0.36
Market Price Closing $102.16
Market Price Closing Change $0.00
Daily Trading Volume 101